EUR/CHF – 1H – SELLThe pair Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 0.93412 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.93806 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Collapsing Doji Star’ candlestick chart pattern is found. The chart shows ‘Collapsing Doji Star’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94277 |
| 2nd High | 0.94014 |
| Next High | 0.93806 |
| Current Price | 0.93446 |
| Next Low | 0.93412 |
| 2nd Low | 0.93325 |
| 3rd Low | 0.93072 |
0.93806 – 0.94014 – 0.94277 – 0.93412 – 0.93504 – 0.93325
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Collapsing Doji Star –